The Top Fixed Interest Savings Discussion Area

Bigwheels1111

Frequentlyhere said:

Good stuff, looks like they're already moving on implied market rates. Not surprising, as there's probably some good money to be made for them even at market leading rates at the moment with how fast the landscape has changed.

>4% on a 1 year fix by the end of the week? I wouldn't be surprised.

Remember what feels about 10 minutes ago when the rather sketchy Union bank of India released that 'needlessly high' rate of 3.2% for a 1 year fix? Things change fast!

Union bank of India got the funding they wanted at a good rate, well it looks like it now.

Any fixed deal I take will need a 5 at the front.

Thumbs_Up

Bigwheels1111 said:

Union bank of India got the funding they wanted at a good rate, well it looks like it now.

Mugs, and I’m not talking about the Indians.

Bigwheels1111 said:

Any fixed deal I take will need a 5 at the front.

Christmas may come early.

biscan25

At current market rates 5% may be ambitious for a 2 year fix. Conditions have been very topsy turvy though, so could change rapidly if the government stick to their guns. I could see providers opening and closing positions very quickly, or limiting subscriptions.

I did go for the 1,2,3 year nominal gilts in the end yesterday afternoon. I went in at 4.15% - 4.5%, and have already just about made back the spread. I opted for this mainly due to tax efficiency, as these are low coupon (0.125%) gilts, so effectively with the savings allowance of £500 I'll pay no tax. I do intend to hold these to maturity though, as this money has been earmarked for my next remortgage.

Notwithstanding the tax advantage, I'd expect gross commercial bank offerings to exceed the gilt rates modestly.

Expotter

t1redmonkey said:

3.9% 1 year from Investec 

Just to go one better, Oxbury Bank Personal 1 Year Bond Account - Issue 16 3.91%

jak22

Kent Reliance 1 Year 3.5% 

dgpur

Unable to access the 3.90% Investec account (no photo ID, I went instead with the new Oxbury Issue 15 3.65% 1 year bond. I’d just opened it and funded it, when the home page refreshed to show an Issue 16 - 3.91% already available. Do 1 year fixed bonds have any automatic cooling off period, because obviously I would like to switch?

NannaH

I opened an Investec 1 year fix earlier and it said No cooling off period so I imagine others are the same .

soulsaver

dgpur said:

Unable to access the 3.90% Investec account (no photo ID, I went instead with the new Oxbury Issue 15 3.65% 1 year bond. I’d just opened it and funded it, when the home page refreshed to show an Issue 16 - 3.91% already available. Do 1 year fixed bonds have any automatic cooling off period, because obviously I would like to switch?

Did the the terms say there was a cooling off period? Phone them and ask if they can transfer it to the other fix if it is for the same length?

alternate

The whole selfie with photo ID thing seems a bit much with Investec.  I assume Raisin bypasses this?

Pompeydave1967

Who’s going to be 1st with a 4% 1 yr deal ? Getting very close now. Could Shawbrook surprise us all , Atom only just put up their rates and the 4% 2 yr deal already beaten .